Capital Investment Counsel LLC Has $10.90 Million Stock Position in Thomson Reuters Co. $TRI

Capital Investment Counsel LLC reduced its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 7.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,196 shares of the business services provider’s stock after selling 4,081 shares during the period. Thomson Reuters makes up approximately 1.7% of Capital Investment Counsel LLC’s investment portfolio, making the stock its 13th biggest position. Capital Investment Counsel LLC’s holdings in Thomson Reuters were worth $10,900,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. PFG Investments LLC raised its position in Thomson Reuters by 2.2% during the second quarter. PFG Investments LLC now owns 2,660 shares of the business services provider’s stock valued at $535,000 after purchasing an additional 57 shares in the last quarter. Rhumbline Advisers raised its position in Thomson Reuters by 1.5% during the first quarter. Rhumbline Advisers now owns 4,456 shares of the business services provider’s stock valued at $770,000 after purchasing an additional 68 shares in the last quarter. SBI Securities Co. Ltd. raised its position in Thomson Reuters by 41.3% during the first quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 69 shares in the last quarter. Signaturefd LLC raised its position in Thomson Reuters by 0.8% during the second quarter. Signaturefd LLC now owns 8,426 shares of the business services provider’s stock valued at $1,695,000 after purchasing an additional 70 shares in the last quarter. Finally, DAVENPORT & Co LLC raised its position in Thomson Reuters by 3.6% during the second quarter. DAVENPORT & Co LLC now owns 2,362 shares of the business services provider’s stock valued at $474,000 after purchasing an additional 82 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the stock. National Bankshares restated an “outperform” rating on shares of Thomson Reuters in a research report on Thursday, July 10th. Morgan Stanley lowered their price target on shares of Thomson Reuters from $197.00 to $187.00 and set an “equal weight” rating for the company in a report on Thursday, September 11th. TD Securities upgraded shares of Thomson Reuters from a “hold” rating to a “buy” rating and upped their price target for the stock from $275.00 to $285.00 in a report on Thursday, August 28th. The Goldman Sachs Group set a $186.00 price target on shares of Thomson Reuters and gave the stock a “buy” rating in a report on Wednesday, October 15th. Finally, Wells Fargo & Company upgraded shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $187.00 to $212.00 in a report on Tuesday, September 9th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $202.64.

Thomson Reuters Stock Performance

NYSE TRI opened at $162.38 on Tuesday. The company has a market capitalization of $72.53 billion, a price-to-earnings ratio of 33.21, a PEG ratio of 5.67 and a beta of 0.74. Thomson Reuters Co. has a twelve month low of $149.47 and a twelve month high of $218.42. The stock has a fifty day simple moving average of $165.01 and a 200 day simple moving average of $182.60. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Wednesday, August 6th. The business services provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.79 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.Thomson Reuters’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share. Sell-side analysts expect that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th were issued a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, August 19th. Thomson Reuters’s dividend payout ratio is presently 65.75%.

Thomson Reuters Company Profile

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.